Try this to get slope of your calculated MA15 array. LinRegSlope(MA15,15)
2008/7/8 ozzyapeman <[EMAIL PROTECTED]>: > Wondering if anyone out there can help me on this one. The system I'm > trying to build makes use of a simple moving average, amongst other > indicators and parameters: > > MA15 = MA(*C*,15); > > Plot(MA15, "MA15", *colorRed*); > > But I don't just want to test if price is above or below the MA. I also > want to figure out if a recent section of the MA is '*pointing up or > pointing down'** *and to what degree. I figure the best way to achieve > this is to convert the 15-period MA curve within a given bar range to a > "best fit" straight line. I then want to be able to calculate the slope of > that line. > > For example, I might want to look at a section of the 15-period MA from the > current close price, back seven bars. I then want to convert this small > section to a "best fit" straight line, then calculate the slope of the > line.If the slope is negative, the MA is obviously pointing down, positive > and it's up. The absolute value of the slope will tell me how steep it > currently is. > > Any idea how best to approach the above? Or is there already some built-in > indicator or function that will essentially allow me to do the above? > > Thanks! > > -- John Ayling e: [EMAIL PROTECTED] m: 0414 640 930 p: +61 2 4782 7286
